Pinnacle West Capital Corp (PNW) — Working Capital to Net Assets Ratio
Pinnacle West Capital Corp (PNW) has a Working Capital to Net Assets ratio of -13.4% as of September 2025. Working capital of $-964.82 Million (current assets of $2.00 Billion minus current liabilities of $2.97 Billion) is measured against net assets of $7.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pinnacle West Capital Corp (PNW) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pinnacle West Capital Corp Working Capital to Net Assets (1994–2024)
This chart shows how Pinnacle West Capital Corp's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at -13.4%, reflecting working capital of $-964.82 Million against net assets of $7.21 Billion USD. For the complete balance sheet picture, see PNW asset base.
Annual Working Capital to Net Assets for Pinnacle West Capital Corp (1994–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pinnacle West Capital Corp from 1994 to 2024, covering 31 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Pinnacle West Capital Corp (PNW) asset resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -16.8% | $-1.15 Billion | $6.86 Billion | $1.69 Billion | $2.84 Billion | ▼ -1.5 pp |
| 2023 | -15.3% | $-962.38 Million | $6.28 Billion | $1.93 Billion | $2.89 Billion | ▼ -15.1 pp |
| 2022 | -0.2% | $-11.59 Million | $6.16 Billion | $1.75 Billion | $1.76 Billion | ▲ +3.2 pp |
| 2021 | -3.4% | $-205.77 Million | $6.02 Billion | $1.55 Billion | $1.76 Billion | ▼ -0.6 pp |
| 2020 | -2.8% | $-162.11 Million | $5.75 Billion | $1.20 Billion | $1.36 Billion | ▲ +16.1 pp |
| 2019 | -18.9% | $-1.05 Billion | $5.55 Billion | $1.03 Billion | $2.08 Billion | ▼ -5.3 pp |
| 2018 | -13.5% | $-723.97 Million | $5.35 Billion | $924.99 Million | $1.65 Billion | ▼ -10.0 pp |
| 2017 | -3.5% | $-181.56 Million | $5.14 Billion | $1.02 Billion | $1.20 Billion | ▲ +6.0 pp |
| 2016 | -9.5% | $-470.73 Million | $4.94 Billion | $822.22 Million | $1.29 Billion | ▲ +2.2 pp |
| 2015 | -11.7% | $-551.80 Million | $4.72 Billion | $890.52 Million | $1.44 Billion | ▲ +1.3 pp |
| 2014 | -13.0% | $-585.71 Million | $4.52 Billion | $973.43 Million | $1.56 Billion | ▲ +0.3 pp |
| 2013 | -13.2% | $-575.03 Million | $4.34 Billion | $1.04 Billion | $1.62 Billion | ▼ -11.4 pp |
| 2012 | -1.9% | $-77.82 Million | $4.10 Billion | $1.01 Billion | $1.08 Billion | ▲ +7.9 pp |
| 2011 | -9.8% | $-386.24 Million | $3.93 Billion | $956.47 Million | $1.34 Billion | ▲ +0.2 pp |
| 2010 | -10.0% | $-378.81 Million | $3.78 Billion | $931.93 Million | $1.31 Billion | ▼ -5.4 pp |
| 2009 | -4.6% | $-154.42 Million | $3.35 Billion | $928.74 Million | $1.08 Billion | ▲ +13.5 pp |
| 2008 | -18.1% | $-623.45 Million | $3.45 Billion | $882.48 Million | $1.51 Billion | ▼ -5.7 pp |
| 2007 | -12.4% | $-437.52 Million | $3.53 Billion | $947.45 Million | $1.38 Billion | ▼ -12.9 pp |
| 2006 | 0.5% | $16.10 Million | $3.45 Billion | $1.47 Billion | $1.46 Billion | ▲ +11.6 pp |
| 2005 | -11.1% | $-380.68 Million | $3.42 Billion | $1.89 Billion | $2.27 Billion | ▲ +5.5 pp |
| 2004 | -16.6% | $-488.77 Million | $2.95 Billion | $1.14 Billion | $1.63 Billion | ▼ -10.1 pp |
| 2003 | -6.4% | $-181.93 Million | $2.83 Billion | $969.05 Million | $1.15 Billion | ▲ +2.6 pp |
| 2002 | -9.0% | $-242.43 Million | $2.69 Billion | $812.69 Million | $1.06 Billion | ▲ +5.5 pp |
| 2001 | -14.5% | $-363.52 Million | $2.50 Billion | $727.40 Million | $1.09 Billion | ▲ +2.1 pp |
| 2000 | -16.7% | $-397.38 Million | $2.38 Billion | $793.91 Million | $1.19 Billion | ▼ -16.8 pp |
| 1999 | 0.1% | $3.30 Million | $2.21 Billion | $498.80 Million | $495.50 Million | ▲ +8.3 pp |
| 1998 | -8.1% | $-183.40 Million | $2.26 Billion | $456.80 Million | $640.20 Million | ▼ -4.7 pp |
| 1997 | -3.4% | $-74.60 Million | $2.20 Billion | $449.10 Million | $523.70 Million | ▲ +1.2 pp |
| 1996 | -4.6% | $-100.30 Million | $2.19 Billion | $450.30 Million | $550.60 Million | ▼ -1.1 pp |
| 1995 | -3.4% | $-74.00 Million | $2.15 Billion | $430.50 Million | $504.50 Million | ▲ +1.3 pp |
| 1994 | -4.7% | $-96.50 Million | $2.04 Billion | $435.60 Million | $532.10 Million | — |